Palladyne AI Corp (NASDAQ: PDYN) Stock: Does It Mean Opportunity?

In the last trading session, 2.72 million shares of the Palladyne AI Corp (NASDAQ:PDYN) were traded, and its beta was 3.80. Most recently the company’s share price was $8.90, and it changed around $0.94 or 11.81% from the last close, which brings the market valuation of the company to $317.85M. PDYN currently trades at a discount to its 52-week high of $14.95, offering almost -67.98% off that amount. The share price’s 52-week low was $1.38, which indicates that the current value has risen by an impressive 84.49% since then.

Palladyne AI Corp stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended PDYN as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.

Palladyne AI Corp (NASDAQ:PDYN) trade information

Instantly PDYN has showed a green trend with a performance of 11.81% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 10.17 on recent trading dayincreased the stock’s daily price by 12.49%. The company’s shares are currently down -27.47% year-to-date, but still down -6.71% over the last five days. On the other hand, Palladyne AI Corp (NASDAQ:PDYN) is 45.42% up in the 30-day period.

Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 7.09%.

PDYN Dividends

Palladyne AI Corp’s next quarterly earnings report is expected to be released in July.

DELTA AIR LINES, INC., with 1.4178% or 0.38 million shares worth $0.6 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

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